The US presidential election was won by Donald Trump, who has publicly supported Bitcoin and the cryptocurrency industry. He has promised to fire the current Chairman of the United States Securities and Exchange Commission, who has filed over 100 lawsuits against crypto-focused companies. Trump also plans to create a strategic national Bitcoin stockpile, promising to keep 100% of the BTC acquired by the United States and trying to keep BTC mining domestically.
This is a significant endorsement of Bitcoin by the world’s largest economy, and the cryptocurrency market has reacted positively to the news.
![Cardano Foundation's X Account Hacked: Hackers Promote Fake SEC Lawsuit, Fraudulent Token [December 2024]](https://coinbuzzfeed.com/wp-content/uploads/2024/12/arches-1837166_960_720.jpg)